ALEXANDRIA, Va.—To become a CEO of a credit union, you can’t count on luck to get you there, says Timothy L. Anderson, who has some advice for younger African-Americans looking to advance in their credit union careers.
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PETERBOROUGH, N.H.—The ultra-high level of credit card competition may be getting too great for some credit union issuers, as talk of selling portfolios is on the rise, says one credit card expert.
NEW YORK–Inclusiv has created a $45-million fund aimed at investing in CUs where capital growth can’t keep up with asset growth so those same CUs can better serve low-income people and communities of color in 17 southern states. The ultimate goal: close the financial services gap between the unbanked and those with financial means.
MOUNT OLYMPUS–It’s Valentine’s Day, and while love may be in the air, true love isn’t a concept often associated with work and careers, even in credit unions. But it should be, according to a number of experts.
WASHINGTON—How serious is elder financial abuse? The average theft is $120,000. But new research is revealing just how much of a dent staff training can make in stopping the crime.
ARLINGTON, Va.—How effective are credit union plans for addressing pandemics and business continuity? It’s a question credit unions need to be asking right now as the coronavirus outbreak continues to grow.
MADISON, Wis.—A loan alternative in which payments adjust up or down as the borrower’s income changes could be a “good fit” for credit unions, according to the Filene Research Institute, which has tested the unique offering.
NEW YORK—When NCUA eventually sells its portfolio of medallion loans, will the medallion crisis facing credit unions be over?
HERNDON, Va.–Northwest CU has a new “employee” who has a big upside, but as the credit union also acknowledges, some minor limitations, as well—she’s too small to work the teller line and she doesn’t like the sun.
LAWRENCEVILLE, Ga.—One expert is warning extending auto loan terms could be even riskier in 2020 should depreciation rates on used cars return to more normal levels, putting borrowers even deeper into negative equity.